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Government-owned Norwegian firm Equinor has shared that it is witnessing expanding losses from its renewables unit. The losses have been reported in the third quarter 2022 as against the corresponding quarter last year. The renewables arm of Equinor recorded a net operating loss of US$56m in the quarter- more than twice the figure in the […]
The 15 MW wind turbines of global turbine manufacturer Vestas will soon see its first installation. As per an establishment permit issued by the Danish Energy Agency for the development of the Frederikshavn offshore wind farm, the road for Vestas wind turbines’ installation is cleared. The company had applied for the permit in May2 022. […]
Austrian renewable energy player Windkraft Simonsfeld will be investing EUR 150 million in its Sfânta Elena wind energy project. The renewable energy project is located in the Caraş-Severin County in the southwest region of Romania. The Austrian company plans to complete the 142-MW facility next year. In a key development, Windkraft Simonsfeld received approval of […]
Uttar Pradesh Power Corporation Ltd. (UPPCL) has invited bids for the setting up of a project of a 10MW / 40MWh standalone battery energy storage system in Uttar Pradesh at Vrindavan, Mathura. The last date for submitting the bid for this 10MW / 40MWh standalone battery energy storage system project is December 26, 2022, & […]
Europe is ‘practically’ on its way to becoming the largest hydrogen player in the world as the European Commission plans to inject a massive investment in the hydrogen sector. Frans Timmermans, the European Commission Executive Vice President, has announced that €3 billion funds would be allocated from the next Innovation Fund large-scale call to support […]
American multinational technology firm Apple has called on its global supply chain to look into the challenge of its greenhouse gas emissions and embrace the decarbonization route. On the Path of Decarbonization Apple, which is now aiming for decarbonization by 2030, will look into the operations of its major manufacturing partners so that the firm […]
Renewable energy conglomerate Masdar has announced that it has acquired UK-based battery energy storage system (BESS) developer Arlington Energy that will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives. Arlington Energy delves into developing, building, operating and financing flexible energy solutions; having taken over 170 […]
The world is watching as Chinese companies take on the offshore wind market. As per S&P Global Market Intelligence, Chinese turbines today cost less than half the global average. It places the Chinese in advantageous positions for expansion in less established wind markets such as Latin America and Eastern Europe. Although Chinese offshore wind majors […]
Hitachi Energy India has revealed that it has bagged a contract by NTPC Renewable Energy (NTPC REL), which is a wholly owned subsidiary of NTPC. Under the contract, Hitachi will supply power transformers to NTPC for its 4.75 GW renewable energy park in the offing in Gujarat. This will be part of India’s largest solar […]
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